Outlines the many different types of cost: total cost, variable cost, fixed cost, average cost, direct cost, joint cost, common cost, sunk cost, marginal cost, incremental cost, embedded cost, and fully allocated cost. Each term denotes a separate and distinct concept.
Discusses price cap plan characteristics, timely reviews, profit sharing, and services baskets.
Discusses price cap beginning rates, the index variable, adjustments, LEC input prices, labor costs, and telecommunications industry productivity.
Discusses the primary objectives and potential problems associated with traditional regulation.
Contrasts historical cost rate of return and fair value rate base. Discusses fair rate of return and its relationship to the utility's cost of capital.
The concept of depreciation as applied to public utilities; appropriate methods of computing depreciation; the concept of the estimated service life; net salvage value.
The relevance of working capital to ratemaking; non-investor capital sources which help to support the utility's investment; why accrued taxes payable are considered capital sources; the consideration of cost-free capital sources in the determination of the utility's revenue requirement.
The desirability of telecom competition; the problems of mixing competition with regulation; a utility's motives for underpricing competitive services; why such underpricing causes concern among regulators.
Major structural changes brought about by the AT&T divestiture; procedures established for implementing divestiture; how the Final Judgment was modified.
Energy Essays and Articles
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